In addition to the reductions in Taxable Value available through Marketing Cost deductions, the Taxable Value used to determine Texas Natural Gas Severance Taxes can be also reduced by any reimbursement paid by the purchaser to the producer for the severance tax expense the producer bears. However, this deduction only applies if specific contract language is present in the related gas marketing agreements.

We review our clients' gas marketing agreements quickly and efficiently to identify and quantify tax reimbursement savings opportunities.